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What is the contribution limit for a Roth IRA in 2025?

 For the 2025 tax year, the IRS has set the same contribution limits for Roth IRAs as for Traditional IRAs, providing individuals with more opportunities to save for retirement with tax advantages.

• If you are under age 50, you can contribute up to $7,000.

• If you are age 50 or older, you are eligible for a catch-up contribution of an additional $1,000, bringing your total annual limit to $8,000.

These contribution limits apply per individual, not per account. That means if you have multiple IRA accounts (Roth and/or Traditional), the total amount you contribute to all IRAs combined cannot exceed these annual limits.

Key Things to Know:

Earned Income Requirement:
You must have taxable earned income (like wages, salaries, or self-employment income) at least equal to the amount you contribute.

Income Eligibility (MAGI Limits):
Roth IRA contributions are subject to income limits based on your Modified Adjusted Gross Income (MAGI) and filing status:

• Single or Head of Household:

  • Full contribution if MAGI is less than $150,000

  • Partial contribution between $150,000 and $165,000

  • No contribution if MAGI is $165,000 or more

• Married Filing Jointly:

  • Full contribution if MAGI is less than $236,000

  • Partial contribution between $236,000 and $246,000

  • No contribution if MAGI is $246,000 or more

• Married Filing Separately (if you lived with your spouse during the year):

  • Contribution is phased out from $0 to $10,000

Deadline to Contribute:
Contributions for the 2025 tax year can be made until the tax filing deadline in April 2026 (typically April 15, unless it falls on a weekend or holiday).

Combined IRA Limit:
The $7,000 or $8,000 limit is the total you can contribute across all IRAs (Roth and Traditional combined).